Innovations, gadgets, and tech industry news.
Nvidia stormed the market in 2024, placing it alongside names such as Apple, according to likelihood as an eventual usurper of the world’s most valuable company title. The semiconductor giant’s stock recently closed at a record $138.07, pushing its market capitalization to $3.39 trillion. That puts it closer to Apple’s $3.52 trillion and closer than…
Verizon’s $9.6 billion cash takeover of Frontier Communications drew fire from key investors at Frontier, some of whom think the offer undervalues the company in itself. Frontier’s second-biggest shareholder, Glendon Capital Management, holds close to 10% and will vote against the deal, saying Verizon’s offer of $38.50 a share isn’t high enough. With debt assumption,…
AI chipmaker Cerebras Systems, famous for its massive wafer-scale engine chips, is reportedly planning its IPO for 2024 to really shake up Nvidia, the giant in the AI chip market. The company is really going to be put under the spotlight by its cutting-edge technology: the WSE-3 chip, which contains many more cores and much…
Tesla’s shares dipped by almost 9% following a long-hyped unveiling of its robotaxi Cybercab, leaving investors somewhat disappointed. Although the presentation was quite ambitious by Elon Musk, the CEO of the company, analysts said the event was unhelpfully vague about timelines, product execution, and what Tesla plans in the near term. The show has set…
One of the new bold steps Amazon has been taking in order to revolutionize grocery shopping is by piloting the integration of mini-warehouses within Whole Foods stores as a test, as of now, operating in Pennsylvania. Part of the larger vision here, this will strip down the shopping experience as it enables customers to pick…
Cashierless tech firm Grabango, launched as an adversary to Amazon’s “Just Walk Out” technology, announced its shutdown due to its inability to raise critical funding. Launched in 2016, Grabango built on some advanced checkout-free solutions using computer vision and machine learning. It wanted to revolutionize in-store shopping by removing all lines and traditional checkouts, having…
After months of suspension and amid an intensifying publicized legal standoff with the Brazilian Supreme Court, Elon Musk’s social media platform, X—previously Twitter—has finally been cleared to resume operations in Brazil. The platform was suspended toward the end of August 2024 for failing to comply with court orders on content moderation, especially on hate speech,…
In what may be a landmark case, the U.S. government is considering an antitrust remedy to break up Google as part of a big court ruling that finds the company guilty of maintaining an illegal monopoly in online search. The case, in essence, centers on Google’s monopolistic control of the search engine market, with nearly…
It was a rare move when Samsung Electronics made its apology public to investors after the disappointing third quarter profits in 2024, that fell below market expectations. The world’s leading production company of memory chips, smartphones, and televisions said that the operating profit for the quarter stood at 9.1 trillion won, or 6.8 billion US…
In a ground-breaking legal judgment, a U.S. judge ordered Google to open its Android Play Store to competition. This marked a significant change to the app distribution ecosystem of a now substantially transformed distribution system. This ruling, passed in October 2024, comes after an extended period of antitrust litigation, especially led by Epic Games-developed Fortnite….
